Claro Advisors LLC Reduces Stock Position in Paychex, Inc. $PAYX

Claro Advisors LLC lessened its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 61.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,152 shares of the business services provider’s stock after selling 5,087 shares during the quarter. Claro Advisors LLC’s holdings in Paychex were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of PAYX. Brighton Jones LLC boosted its stake in shares of Paychex by 26.3% during the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock worth $801,000 after acquiring an additional 1,190 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Paychex by 3.0% during the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after acquiring an additional 117 shares during the last quarter. Strategic Blueprint LLC purchased a new position in shares of Paychex during the 1st quarter worth $229,000. Penserra Capital Management LLC boosted its stake in shares of Paychex by 200.3% during the 1st quarter. Penserra Capital Management LLC now owns 6,970 shares of the business services provider’s stock worth $1,074,000 after acquiring an additional 4,649 shares during the last quarter. Finally, Stratos Investment Management LLC boosted its stake in shares of Paychex by 56.0% during the 1st quarter. Stratos Investment Management LLC now owns 3,002 shares of the business services provider’s stock worth $463,000 after acquiring an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PAYX. Robert W. Baird decreased their price objective on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. BMO Capital Markets decreased their price objective on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. TD Cowen decreased their price objective on shares of Paychex from $140.00 to $126.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Morgan Stanley raised their price objective on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Wells Fargo & Company upgraded shares of Paychex to a “strong sell” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $139.87.

Paychex Stock Performance

Shares of NASDAQ PAYX opened at $116.50 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $41.93 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.68 and a beta of 0.93. The firm’s fifty day moving average is $128.11 and its two-hundred day moving average is $140.64. Paychex, Inc. has a 52-week low of $113.15 and a 52-week high of $161.24.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. Paychex’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s dividend payout ratio (DPR) is presently 97.08%.

Paychex Company Profile

Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.